Crude Oil Gets Brief Respite After Collapse

Crude oil futures were steady Thursday, rising slightly from 10-month lows in the previous session. A brutal sell-off drove oil into bear market territory over the past few weeks. Analysts have expressed doubts that OPEC and Russia can end the supply glut anytime soon. Should prices stay below $45 for much longer, it is thought Read more about Crude Oil Gets Brief Respite After Collapse[…]






Dollar Turns Slightly Higher After Rebounding From Early Weakness

The dollar pulled back against all of its major rivals in early trade Thursday, but has since recovered and is now posting slight gains. The increase in weekly jobless claims this morning was slightly more than anticipated, but U.S. economic data was largely in line with expectations. First-time claims for U.S. unemployment benefits saw a Read more about Dollar Turns Slightly Higher After Rebounding From Early Weakness[…]






Value Buyers Wading Back Into Gold

Gold futures inched higher for a second session Thursday, trimming steep recent losses amid speculation the sell-off in commodities was overdone. August gold settled at $1,249.40/oz, up $3.60, or 0.3%, up from 5-week lows earlier in the week. Markets were stable as crude oil found its footing after a sudden collapse in June. Reflecting widespread Read more about Value Buyers Wading Back Into Gold[…]






Treasury Department Announces Details Of Next Week's Auctions

The Treasury Department announced the details of next week’s auctions of two-year, five-year, and seven-year notes on Thursday. The Treasury said it plans to sell $26 billion worth of two-year notes next Monday, $34 billion worth of five-year notes next Tuesday and $28 billion worth of seven-year notes next Wednesday. The material has been provided Read more about Treasury Department Announces Details Of Next Week's Auctions[…]






Swiss Trade Surplus Grows In May

Switzerland’s foreign trade surplus increased in May, as exports grew faster than imports, figures from the Federal Customs Administration showed Thursday. The trade surplus climbed to CHF 3.4 billion in May from CHF 1.9 billion in April. In March, the surplus was EUR 3.0 billion. In real terms, both exports and imports rose by a Read more about Swiss Trade Surplus Grows In May[…]






Finland General Govt Deficit Narrows In Q1

Finland’s general government deficit narrowed in the first quarter on higher revenue, Statistics Finland reported Thursday. Consolidated total general government revenue grew by EUR 0.2 billion from the previous year, while expenditure declined by EUR 0.5 billion. Consequently, the net borrowing of general government decreased by EUR 0.7 billion. Quarter-on-quarter, revenue rose 0.5 percent and Read more about Finland General Govt Deficit Narrows In Q1[…]